Looking to gain support and takeoff. Short than long. Explanation: NZD is surging. I am expecting some bad news for a CAD that is due for a pullback. Given that the news will be bearish for CAD we are looking to long. However for the hours leading up to news, we are looking for a pullback for the big dogs to buy at a better price.
In a world where resistances turn into supports and upward channels take precedent, one bullish, weekly engulfing candle sets the tone. Weekends pass as people sit and chart. Wondering what will become of the future. Enter week two, the pullback ensues. That my friends is the time to enter, and that time is now. Long this ish.